Waste Management, Inc. (NYSE:WM) Holdings Lifted by Nikulski Financial Inc.

Nikulski Financial Inc. increased its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,007 shares of the business services provider’s stock after acquiring an additional 1,375 shares during the period. Nikulski Financial Inc.’s holdings in Waste Management were worth $2,493,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Trium Capital LLP lifted its holdings in shares of Waste Management by 33.6% during the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after buying an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after purchasing an additional 5,367 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its holdings in Waste Management by 18.6% in the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after purchasing an additional 3,145 shares in the last quarter. Norden Group LLC acquired a new position in Waste Management during the first quarter worth $7,146,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Waste Management by 417.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after acquiring an additional 2,800 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.5 %

NYSE:WM traded up $1.05 on Thursday, hitting $215.87. 48,145 shares of the stock were exchanged, compared to its average volume of 1,614,499. The stock has a market capitalization of $86.63 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 2.29 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. Waste Management, Inc. has a 52 week low of $162.03 and a 52 week high of $225.00. The company’s 50-day moving average price is $209.14 and its 200 day moving average price is $208.72.

Waste Management (NYSE:WMGet Free Report) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is currently 45.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WM shares. UBS Group lifted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Truist Financial upped their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird dropped their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, CIBC increased their price target on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a report on Wednesday. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.28.

Read Our Latest Report on Waste Management

Waste Management Company Profile

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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